Group 1 Automotive Inc. (NYSE:GPI) will be announcing its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $2.09 per share and revenue of $2.89 billion for the quarter.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.07. The firm earned $2.10 billion during the quarter, compared to the consensus estimate of $2.86 billion. Group 1 Automotive had a return on equity of 17.97% and a net margin of 0.82%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.98 earnings per share. On average, analysts expect Group 1 Automotive to post $7.57 EPS for the current fiscal year and $8.23 EPS for the next fiscal year.
Group 1 Automotive Inc. (NYSE:GPI) opened at 62.55 on Tuesday. Group 1 Automotive Inc. has a one year low of $47.31 and a one year high of $89.52. The firm has a market capitalization of $1.30 billion, a P/E ratio of 15.72 and a beta of 1.58. The company has a 50-day moving average price of $61.77 and a 200-day moving average price of $59.18.
In related news, CEO Earl J. Hesterberg sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $59.97, for a total transaction of $599,700.00. Following the sale, the chief executive officer now directly owns 165,251 shares in the company, valued at approximately $9,910,102.47. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Darryl M. Burman sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $58.90, for a total value of $117,800.00. Following the sale, the vice president now owns 72,633 shares in the company, valued at $4,278,083.70. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Group 1 Automotive by 382.4% in the second quarter. BlackRock Inc. now owns 12,166 shares of the company’s stock worth $601,000 after buying an additional 9,644 shares during the period. BlackRock Group LTD raised its stake in shares of Group 1 Automotive by 0.4% in the second quarter. BlackRock Group LTD now owns 42,707 shares of the company’s stock worth $2,108,000 after buying an additional 156 shares during the period. US Bancorp DE raised its stake in shares of Group 1 Automotive by 2,012.4% in the second quarter. US Bancorp DE now owns 5,281 shares of the company’s stock worth $260,000 after buying an additional 5,031 shares during the period. Trexquant Investment LP acquired a new stake in shares of Group 1 Automotive during the second quarter worth $735,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Group 1 Automotive during the second quarter worth $558,000. Institutional investors and hedge funds own 97.19% of the company’s stock.
A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Thursday, October 13th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $61.00 price objective (down from $64.00) on shares of Group 1 Automotive in a report on Saturday, October 8th. Seaport Global Securities assumed coverage on Group 1 Automotive in a report on Tuesday, August 9th. They issued a “neutral” rating on the stock. TheStreet upgraded Group 1 Automotive from a “hold” rating to a “buy” rating in a report on Thursday, September 15th. Finally, Buckingham Research upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $64.00.
About Group 1 Automotive
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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